Comment on Mr Consistent returning incredible returns
commented on
09 Jan 2014, 12:23 PM
Pappa,
1. I wait for 1-2 minutes to cool off and come out of the trade. This risk is always embedded in overnight positions.
2. There is actually no way to know if a breakout is true or false (unless a trader have hindsight bias 🙂 ). Thas where money mgmt kicks in. Need to follow MM to the dot to see if the breakout is fake or true. No easy way out.